LIG Assets, Inc. has announced a strategic advancement in its mining and environmental remediation operations, including a second Letter of Intent for property acquisition and the development of proprietary technologies that management believes could disrupt traditional reclamation methods. The non-binding LOI through affiliate Gold Run, Inc. covers approximately 41 acres adjacent to the Brooks Quarry property in Marianna, Florida, expanding the company's potential mining and processing facility footprint.
This expansion represents LIG's second mining-related transaction, following a binding LOI that yielded favorable testing results. The company's entry into mining evolved from years of investment in sustainable environmental technologies designed to address persistent problems facing agriculture, municipalities, and mining operators worldwide. After development and field testing, LIG has advanced three complementary technologies that form an integrated remediation platform.
The first technology demonstrates rapid water clarification without chemical additives, potentially clarifying contaminated ponds and slurry pits within 28 to 35 days in controlled testing environments. For operators facing environmental violations or mounting remediation costs, accelerated timelines could provide operational and regulatory advantages. The second technology increases dissolved oxygen and hydrogen levels, with preliminary testing indicating potential recovery of up to approximately 12% of hydrocarbons in certain oilfield wastewater streams while converting arsenic to arsenate under controlled conditions.
Management believes this dual impact of environmental remediation combined with potential hydrocarbon recovery could materially improve the economics of wastewater management. Rather than treating wastewater purely as a liability, operators may convert portions of that waste into recoverable value while improving environmental compliance. The third technology involves advanced heavy metal filtration demonstrating removal rates of up to approximately 93% of specific heavy metals in certain test environments.
Heavy metal contamination remains one of the most expensive regulatory challenges in mining operations, and scalable implementation of this filtration technology could significantly reduce remediation timelines and compliance exposure. Mining companies internationally face escalating environmental regulations, millions in potential fines, long-term reclamation liabilities, and increasing pressure from regulators and ESG-focused stakeholders.
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 as LIG has been actively negotiating mining transactions and evaluating long-term structural partnerships. Management 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 LIG Assets, Inc. 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 transformative growth. The company reports that operators have explored remediation services and potential partnership models, though no definitive agreements have been executed to date.
