LIG Assets, Inc. has entered into a definitive agreement to acquire a tract of land in Northwest Florida for mining limestone aggregates and high-quality, ultra-pure calcium carbonate. The transaction follows a previously disclosed letter of intent and represents a significant milestone in the company's strategic diversification efforts.
The mining property, located in Florida's northern panhandle, is expected to support production of construction aggregates including road base materials, as well as agricultural lime used to reduce soil acidity. The site also presents future potential for expansion into the ultra-pure calcium carbonate market, which serves medical, agricultural, and industrial applications. These end uses include antacids and calcium supplements, construction materials, paper and paint products, and consumer goods such as toothpaste, cleaning agents, and food additives.
In connection with the transaction, LIG Assets transferred $500,000 to the seller to secure exclusive rights to the entire acreage. Additional details regarding the transaction will be disclosed at a later date. Allan Gillis, Chief Executive Officer of LIG Assets, stated that while the company would have preferred to delay issuing a press release as the transaction remains fluid, current regulations require disclosure of material events within four days, necessitating the announcement.
The acquisition expands LIG Assets' portfolio across agriculture, construction, and industrial markets. The company is pursuing an asset acquisition strategy and targeting positive operational cash flow in 2026, positioning itself for potential uplisting to a minimum of QB and/or QX status. Since management transitioned in April 2017, LIGA has generated almost $25 million in deposited revenues. The company's filings are available on file at https://www.otcmarkets.com/stock/LIGA/overview.
For business leaders and technology investors, this acquisition signals LIG Assets' strategic move into essential industrial materials with diverse applications. The limestone aggregates market supports infrastructure development, while high-purity calcium carbonate serves growing demand in healthcare, agriculture, and consumer products. This diversification could provide revenue stability across economic cycles and position the company for growth in multiple industrial sectors. The transaction's timing, as LIG targets positive cash flow in 2026, suggests a calculated expansion strategy aligned with broader market recovery expectations in construction and industrial sectors.
