LIG Assets, Inc. (OTCQB: LIGA) provided an operational update on its calcium mining interests in the Marianna, Florida region and its efforts to validate and enhance the value of these assets through a potential SEC Regulation S-K Subpart 1300 technical report summary (SK-1300). The company is collaborating with industry professionals and consultants to prepare the report, which aims to further define mineral resources, reserves, operational potential, and overall economic value of the calcium carbonate mining assets.
A prior appraisal in 2009 estimated the calcium reserves at approximately $400 million, based on calcium products valued at about $8.50 per ton. Since then, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have increased significantly, leading management to believe the mine's valuation has greatly risen. The SK-1300 report is expected to provide updated reserve validation, operational analysis, and enhanced transparency regarding the asset's underlying value. However, no assurance can be given about the conclusions, valuation ranges, or economic outcomes from any completed report.
In addition to technical and valuation work, the company is evaluating strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential transactions are under review, and management plans to provide updates as developments progress. Management stated, Our focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives.
They believe obtaining updated technical analysis through the SK-1300 process is an important step in communicating the potential significance of the calcium mining assets.
LIG Assets continues to focus on mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create future value. The company intends to update shareholders on operational milestones, acquisitions, technical reports, revenue initiatives, and material developments as information becomes available.
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