LIG Assets, Inc. (OTCQB: LIGA) announced it is progressing with a potential SEC Regulation S-K Subpart 1300 technical report summary for its calcium mining assets in Marianna, Florida. The company is collaborating with industry professionals and consultants to prepare and evaluate the report, which aims to define and validate mineral resources, reserves, operational potential, and economic value.
The company noted that a 2009 appraisal estimated the calcium reserves at approximately $400 million when calcium products were 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 increased.
Management believes that a modern SK-1300 technical report will provide updated reserve validation, operational analysis, and enhanced transparency regarding the asset's underlying value. However, no assurance can be given regarding the conclusions, valuation ranges, reserve classifications, or economic outcomes that may result from any completed report or third-party analysis.
In addition to the technical and valuation work, LIG Assets is evaluating strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential transactions and business initiatives are under review, and management anticipates providing updates as developments progress.
Management stated that the company's focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives. They believe obtaining updated technical analysis and reserve validation 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 opportunities in 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.
For more information, visit LIG Assets' website or follow the company on X at @LIGAssets. The original release is available on NewMediaWire.
