LIG Assets, Inc. (OTCQB: LIGA) announced Tuesday that it is actively working with industry professionals to prepare a technical report summary under SEC Regulation S-K Subpart 1300 for its calcium mining assets in Marianna, Florida. The initiative is designed to further define and validate the mineral resources, reserves, operational potential, and overall economic value of the Company’s calcium carbonate mining operations.
The Company highlighted that a prior appraisal and valuation report completed in 2009 estimated the value of the calcium reserves at approximately $400 million, based on calcium products valued at about $8.50 per ton at that time. Since then, management notes that 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 increased. The new SK-1300 technical report is expected to provide updated reserve validation, operational analysis, and enhanced transparency regarding the underlying value of the mining asset.
However, the Company cautioned that no assurance can be given regarding the conclusions, valuation ranges, reserve classifications, or economic outcomes that may ultimately result from any completed report or third-party analysis. The SK-1300 process is part of broader efforts to strengthen the Company’s revenue base and long-term financial position. Management is also evaluating additional strategic transactions and operational opportunities, with several potential transactions and business initiatives currently under review. Further updates will be provided as developments progress and agreements are finalized.
“Our focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives,” stated management. “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 opportunities involving mining, land reclamation, environmental technologies, and resource-related operations where management believes undervalued assets and operational improvements may create future value. The Company intends to continue updating shareholders regarding operational milestones, acquisitions, technical reports, revenue initiatives, and material developments as information becomes available.
For more information, visit the Company’s website at www.LIGAssets.net and follow on social media at www.X.com/LIGAssets. The original press release is available at www.newmediawire.com.
This news matters because the updated SK-1300 valuation could significantly impact LIG Assets' market perception and shareholder value, potentially revealing a substantial increase in asset worth since 2009. For the industry, it underscores the growing importance of calcium products in agriculture, infrastructure, and specialty applications, while for investors, it highlights the need for transparent, modern technical reporting to assess mining asset values accurately.
