LIG Assets, Inc. has executed a definitive agreement to acquire land in Northwest Florida for mining limestone aggregates and high-quality calcium carbonate, marking a strategic expansion into multiple industrial sectors. The property is expected to support production of construction materials like road base and agricultural lime used to reduce soil acidity, while also offering future potential for ultra-pure calcium carbonate serving medical, agricultural, and industrial applications.
The transaction represents a significant milestone in LIG Assets' diversification strategy, expanding the company's portfolio across agriculture, construction, and industrial markets. According to CEO Allan Gillis, the announcement was necessitated by regulatory requirements mandating disclosure of material events within four days, despite the transaction remaining fluid with additional details to follow. The company has transferred $500,000 to secure exclusive rights to the acreage, with further transaction specifics to be disclosed later.
This acquisition holds importance for regional development and multiple industries. Construction aggregates from the site will support infrastructure projects, while agricultural lime addresses soil management needs in farming regions. The potential expansion into ultra-pure calcium carbonate production could impact diverse sectors including pharmaceuticals, where it's used in antacids and supplements; manufacturing for paper, paint, and construction materials; and consumer goods like toothpaste, cleaning agents, and food additives.
For investors and stakeholders, this move aligns with LIG Assets' broader corporate strategy. Since management transitioned in April 2017, the company has generated nearly $25 million in deposited revenues and is pursuing operational streamlining, new partnerships, and positive cash flow targets for 2026. The company aims for potential uplisting to minimum QB and/or QX status, with detailed information available through regulatory filings at https://www.otcmarkets.com/stock/LIGA/overview.
The Northwest Florida location positions the operation within a region with existing infrastructure and market access, potentially creating local employment opportunities while addressing growing demand for construction materials and agricultural amendments. The dual focus on both basic aggregates and higher-value calcium carbonate products demonstrates a layered approach to resource utilization, maximizing the property's economic potential across different market segments with varying value propositions.
