LIG Assets, Inc. has announced a strategic advancement in its mining and environmental remediation operations, including execution of a second Letter of Intent for mining property and continued development of proprietary technologies that management believes could disrupt traditional reclamation methods. The non-binding LOI between the company's affiliate Gold Run, Inc. and Kingdom Materials Holdings LLC covers approximately 41 acres adjacent to the Brooks Quarry property in Marianna, Florida, expanding the company's potential mining and processing facility footprint. This represents LIG's second mining-related transaction currently in progress, following a first binding LOI that included a $500,000 payment and yielded favorable testing results.
The company's entry into mining evolved from years of investment into sustainable environmental technologies designed to address persistent problems facing agriculture, municipalities, and mining operators worldwide. After several years of development, field testing, and refinement, LIG has supported the advancement of three complementary technologies that form an integrated remediation platform. The first technology involves rapid water clarification without chemical additives, with controlled testing demonstrating significant clarification of contaminated ponds and slurry pits within approximately 28 to 35 days. For mine operators facing environmental violations or mounting remediation costs, accelerated clarity and detoxification timelines could represent meaningful operational and regulatory advantages.
The second technology increases dissolved oxygen and hydrogen levels in water systems, with preliminary testing indicating potential recovery of up to approximately 12% of hydrocarbons in certain oilfield wastewater streams, potentially converting waste liabilities into recoverable value while improving environmental compliance. The third technology involves an advanced filtration system that has demonstrated removal rates of up to approximately 93% of specific heavy metals from contaminated water streams in certain test environments. Heavy metal contamination remains one of the most expensive regulatory challenges in mining operations, and management believes scalable implementation could significantly reduce remediation timelines and compliance exposure.
Mining companies across the United States and internationally face escalating environmental regulations, millions in potential fines, long-term reclamation liabilities, and increasing pressure from regulators and ESG-focused stakeholders. Management believes LIG's integrated technology platform offers alignment of cleaner water, detoxified land, reduced environmental exposure, potential incremental revenue from resource recovery, and improved public and regulatory positioning. Because of multi-year testing efforts, slurry pit operators from agricultural producers to mining and oilfield operators have initiated discussions regarding pilot programs and potential remediation partnerships, including potential joint venture or equity participation models tied to site development and resource processing.
The company acknowledges that prior public disclosures have been measured and limited, stating this discretion has been intentional during active negotiations of mining transactions and evaluation of long-term structural partnerships. LIG expects to provide a comprehensive strategic update in March outlining its broader mining acquisition and development roadmap, progress on both LOIs and other deals, potential operational buildout plans, and introduction of an experienced mining executive management team. Management believes the convergence of strategic mining asset acquisitions, proprietary environmental remediation technologies, potential resource recovery enhancements, and growing regulatory pressure on operators creates significant opportunity for the company. While substantial work remains including definitive agreements, regulatory approvals, financing, engineering validation, and commercial scaling, management believes the foundation now in place positions the company for a transformative phase of growth. View the original release on https://www.newmediawire.com.
