LIG Assets, Inc. (OTCQB: LIGA) announced today that it is pursuing a technical report summary under SEC Regulation S-K Subpart 1300 (SK-1300) for its calcium mining interests in the Marianna, Florida region. The initiative aims to provide updated validation of mineral resources, reserves, and economic potential, potentially enhancing the perceived value of the company's calcium carbonate assets.
According to the Company, a prior appraisal in 2009 estimated the calcium reserves at approximately $400 million when calcium products were valued at around $8.50 per ton. Since then, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have increased significantly. Management believes that a modern SK-1300 report could reflect a substantially higher valuation, though no assurances can be given regarding the outcomes.
The SK-1300 process involves working with industry professionals and consultants to prepare and evaluate the technical report. The goal is to define and validate the mineral resources, reserves, operational potential, and overall economic value of the mining assets. This step is seen as crucial for communicating the potential significance of the assets to shareholders and the market.
In addition to the valuation work, LIG Assets continues to evaluate strategic transactions and operational opportunities that could strengthen its revenue base and long-term financial position. Several potential transactions are under review, and the company plans to provide updates as developments progress.
Management emphasized its focus on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives. The SK-1300 report is viewed as an important step in this direction, offering enhanced transparency regarding the underlying value of the mine.
LIG Assets also continues to explore 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 keep shareholders informed of operational milestones, acquisitions, technical reports, and material developments.
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