LIG Assets, Inc. (OTCQB: LIGA) provided an operational update on its calcium mining interests in Marianna, Florida, and the company's efforts to validate and enhance the value of its mining assets through a potential SEC Regulation S-K Subpart 1300 technical report summary (SK-1300). Management is collaborating with industry professionals to prepare the report, which aims to define and validate mineral resources, reserves, operational potential, and economic value of the calcium carbonate mining assets.
The company noted that a prior appraisal in 2009 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 significantly increased, leading management to believe the mine's valuation has greatly increased. However, no assurance can be given regarding the conclusions or economic outcomes of the completed report.
In addition to the technical and valuation work, LIG Assets continues to evaluate strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential transactions are under review, and management anticipates providing updates as developments progress. "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 through the SK-1300 process is an important step in communicating the potential significance of its calcium mining assets. LIG Assets continues to focus on opportunities involving mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create future value.
For more information, visit the company's profile on OTC Markets or the company website at www.LIGAssets.net.
