LIG Assets, Inc. (OTCQB: LIGA) announced Tuesday that management is working with industry professionals to prepare a technical report summary under SEC Regulation S-K Subpart 1300, aimed at re-evaluating the company's calcium carbonate mining assets in Marianna, Florida. The initiative seeks to provide updated validation of mineral resources, reserves, and economic potential, reflecting changes in market conditions over the past two decades.
A prior appraisal completed in 2009 estimated the calcium reserves at approximately $400 million, based on calcium product prices of around $8.50 per ton. Since then, management notes that market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have significantly increased, suggesting the mine's value has grown substantially. The new SK-1300 report is expected to offer a modern analysis of reserve classifications and operational potential, enhancing transparency for investors.
“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,” management stated in the release. However, the company cautioned that no assurance can be given regarding the conclusions, valuation ranges, or economic outcomes from any completed report or third-party analysis.
Beyond the valuation work, LIG Assets continues to evaluate additional strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential initiatives are under review, with further updates expected as developments progress. The company maintains a focus on mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create value.
The SK-1300 initiative is particularly significant given the evolving calcium market. Calcium carbonate is widely used in construction, agriculture, pharmaceuticals, and environmental applications. Rising demand for specialty calcium products, such as those used in water treatment or as a soil conditioner, could enhance the mine's economic viability. Investors will be watching for the report's conclusions, which could provide a clearer picture of reserve estimates and potential revenue streams.
LIG Assets trades on the OTCQB under the symbol LIGA. 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 was distributed by NewMediaWire and can be accessed at www.newmediawire.com.
Forward-looking statements in the release are subject to risks including market conditions, regulatory approvals, commodity pricing, operational risks, and financing conditions. The company undertakes no obligation to update such statements except as required by law.
