LIG Assets Advances SK-1300 Valuation for Marianna Calcium Mine, Citing Increased Market Demand
LIG Assets is progressing with a SK-1300 technical report to update the valuation of its calcium mine in Marianna, Florida, which a 2009 appraisal estimated at $400 million, amid rising market prices and industrial demand.
LIG Assets, Inc. (OTCQB: LIGA) announced Tuesday that it is working with industry professionals to prepare a technical report summary under SEC Regulation S-K Subpart 1300 for its calcium carbonate mining assets in Marianna, Florida. The initiative aims to validate mineral resources, reserves, and economic potential, potentially updating a 2009 appraisal that valued the reserves at approximately $400 million.
According to the company, the prior valuation was based on calcium products priced at roughly $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 substantially appreciated.
"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 and reserve validation through the SK-1300 process represents an important step in communicating the potential significance of our calcium mining assets."
The SK-1300 report is designed to provide enhanced transparency and updated reserve classifications. However, LIG Assets cautioned that no assurance can be given regarding the conclusions, valuation ranges, or economic outcomes that may result from the completed analysis or third-party review.
In parallel, the company is evaluating additional strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential deals are under review, with further updates expected as developments progress and agreements are finalized.
LIG Assets focuses on mining, land reclamation, environmental technologies, and resource-related operations, targeting undervalued assets and operational improvements. The company trades on the OTCQB under the ticker LIGA and maintains an OTC Markets profile at OTC Markets Profile. Additional information is available on its website at www.LIGAssets.net and social media at www.X.com/LIGAssets.
The original press release is available on www.newmediawire.com. Forward-looking statements in the release are subject to risks including market conditions, commodity pricing, and regulatory approvals.